Officials Try to Refuel 'Cash for Clunkers'

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Officials Try to Refuel 'Cash for Clunkers'

Post by FystyAngel on Fri Jul 31, 2009 5:03 am

Officials Try to Refuel 'Cash for Clunkers'
Sources: Officials Told That Applicants May Have Claimed the $1 Billion Available Credit
By Z. BYRON WOLF and MICHAEL S. JAMES
July 30, 2009

Officials reportedly are working to keep the government's popular "cash for clunkers" program going amid reports its success may have caused it to run out of money after just a week.



http://abcnews.go.com/GMA/story?id=8216245&page=1


Is 'Cash for Clunkers' for Chumps?
Chrysler to Double Cash Incentive for 'Cash for Clunkers' Program
By ELISABETH LEAMY and NATHALIE TADENA
July 24, 2009

Americans will get a new incentive to trade-in their gas-guzzling cars today when a government rebate program that offers cash vouchers to people who trade in their cars for new fuel-efficient vehicles officially starts.

http://abcnews.go.com/Business/story?id=8154897&page=1

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Re: Officials Try to Refuel 'Cash for Clunkers'

Post by FystyAngel on Fri Jul 31, 2009 5:31 am

Cash for Clunkers Program May Be Running on Empty
White House trying to keep 'cash for clunkers' program alive amid funding concerns
By KEN THOMAS Associated Press Writer
WASHINGTON July 31, 2009 (AP)


Tim Soule, who works in the garage of a BMW/Honda dealership, pours a solution into the engine of a 998 Chevrolet S-10 Blazer to seize the motor after the vehicle was traded in as part of the Cash For Clunkers program at the dealership in the south Denver suburb of Littleton, Colo., on Thursday, July 30, 2009. Government officials announced on Thursday that the popular program will be suspended amid concerns it could quickly use up the $1 billion in rebates for new car purchases. (AP Photo/David Zalubowski)
(AP)

The government's popular "cash for clunkers" program may be running out of money after only a matter of days as car shoppers flock to dealerships to take advantage of the rebates.

The White House said Thursday it was assessing its options amid concerns the $1 billion budget for rebates for new car sales may have been depleted. The program officially began last week and has been heavily publicized by automakers and dealers.

Transportation Department officials called lawmakers earlier Thursday to alert them of plans to suspend the program as early as Friday. But a White House official said later the program had not been suspended and they were reviewing their options to keep the program funded.

http://abcnews.go.com/Politics/wireStory?id=8217681

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Re: Officials Try to Refuel 'Cash for Clunkers'

Post by Guest on Fri Jul 31, 2009 8:36 am

Darn, I was going to trade in our extra car but not til August. I was waiting for the 2009's to go down in price. Crying or Very sad

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Re: Officials Try to Refuel 'Cash for Clunkers'

Post by Snaz on Fri Jul 31, 2009 5:23 pm

LoveDogs wrote:Darn, I was going to trade in our extra car but not til August. I was waiting for the 2009's to go down in price. Crying or Very sad

LoveDogs, they just extended this program by $2B according to HLN, so maybe you can get it done before they run out again.......

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